What does the EFT of ETF fund in securities mean?
ETF is the abbreviation of exchange traded fund, which is translated into "transactional open index fund" in Chinese, also known as exchange traded fund. ETF is an open-end securities investment fund product listed and traded on the exchange, and the trading procedure is exactly the same as that of stocks. The assets managed by ETF are stock portfolios. The types of stocks in this portfolio are the same as those in a specific index, such as the SSE 50 Index, and the number of each stock is consistent with the proportion of the constituent stocks of this index. The transaction price of ETF depends on the value of its stock portfolio, that is, the "net asset value of unit fund". ETF's portfolio usually completely replicates the underlying index, and its net performance is highly consistent with the specific index pegged. For example, the net performance of SSE 50ETF is highly consistent with the rise and fall of SSE 50 index. SSE 50ETF(5 10050) invests in the top 50 stocks of SSE. The Shanghai Stock Exchange dividend ETF(5 10880) invests in the 50 stocks with the most dividends on the Shanghai Stock Exchange. SSE 180 ETF (510180) invests in the most representative180 stocks of Shanghai Stock Exchange. If you want to keep pace with the stock market, it is recommended to buy SSE 180ETF. SZSE 100 ETF (15901) invests in100 stocks with good liquidity in Shenzhen Stock Exchange. Shenzhen SME ETF( 159902) invests in the SME board of Shenzhen Stock Exchange. Trading procedures are the same as stocks. First of all, you open an account in a securities company and handle third-party depository business in a bank. Ok, your fund investment can begin.